A country's____________is the total economic value of all the products that it exports minus the economic value of all the products that it imports. content area bottom Part 1 A. balance of trade B. negative balance of payments C. positive balance of payments D. floating exchange rate E. trade surplus

A country's____________is the total economic value of all the products that it exports minus the economic value of all the products that it imports. content area bottom Part 1 A. balance of trade B. negative balance of payments C. positive balance of payments D. floating exchange rate E. trade surplus

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 32CTQ: Occasionally, a government official will argue that a country should strive for both a trade surplus...

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